Proenza Schouler Launches Wallets

It's been years since Proenza Schoulerquietly launched the PS1—their answer to the tricked out it-bags that reigned supreme at the start of the last decade. Since then, they've slowly evolved to include patent leather versions, as well as small pouches, tote bags, and more structured silhouettes like the PS11. In fact, their wallet was the only thing that wasn't perfect—a slim pouch with all the style, yet none of the practicality, that one needs from an everyday accessory. This morning, however, the duo welcomed the PS1 wallet. It's small enough to fit in your bag and hold your essentials but big enough to double as a clutch on night's out. It comes in classic Proenza colors like navy, black, camel and smoke andretails for $585. Sometimes the best things really are worth waiting for.

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